Bond Programs
Lori Johnson, Chief, Financial Assistance Division
Oklahoma Water Resources Board
Oklahoma Water Resources Board
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OKLAHOMA CITY – The Gore Public Works Authority (Authority) received approval for $1,410,000 in funding, including $800,000 in principal forgiveness, on Tuesday from the Oklahoma Water Resources Board (OWRB) to improve the Authority’s water infrastructure. Construction of upgrades and improvements to the water system will be financed by the Oklahoma Drinking Water State Revolving Fund (DWSRF) .
The Authority will utilize project funding to rehabilitate its surface water treatment plant and enhance water system efficiency. Planned improvements include the replacement of aging valves and raw water piping, as well as upgrades to critical electrical and instrumentation components that support the treatment process. In addition, the project will include the installation of approximately 450 new water meters. These upgrades are designed to ensure the Authority remains in compliance with the Surface Water Treatment Rule—federal regulations aimed at protecting public health by improving the quality and safety of drinking water sourced from lakes, rivers, and other surface sources. This project will also reduce system water loss and enhance operational efficiency, ensuring a safe, reliable water supply for residents and businesses in Gore.
Lori Johnson, chief of the OWRB’s Financial Assistance Division, calculated that the Authority’s customers will save an estimated $1,425,200 compared to traditional financing. The DWSRF loan will be secured with a lien on the revenues of the Authority’s water, sewer and sanitation services, as well as a 1 cent sales tax.